Deutsche Bank to Cap Payouts of Bonuses

FRANKFURT—Deutsche Bank AG will cap immediate payouts of bonuses this year at €300,000 ($407,340), up from a €200,000 cap last year, according to people familiar with the matter.

The bank, whose new leaders pledged to change its pay culture when they took over in June, decided to follow the recommendation of the bank's compensation review panel and defer less compensation, according to a presentation at its annual press conference...